Reversal of unrealised gain on foreign exchange
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2012
hi, whether the unrealised gains accounted on monetary items (debtors) at the year end as at 31st march 2011 should be reversed subsequently in the next financial year eg:0n 1st april, 2011.
Please advise.....
Please advise.....
12 August 2012
Either reverse full and book a new entry
or
Pass incremental entry.
both are accpetable.
or
Pass incremental entry.
both are accpetable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
